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Musk posted a picture with Qiang and said, "We have known each other now for many years, since early Shanghai days." ALSO READ: Top News Today: Elon Musk's surprise China visit, AdaniConneX securing loans, PM Modi in Karnataka and more Chinese state media reported that the Tesla CEO met Premier Li Qiang in Beijing, during which Li told Musk that Tesla's development in China could be regarded as a successful example of US-China economic and trade cooperation, Reuters reported. During his tour, Musk was expected to discuss the rollout of Full Self-Driving software and permission to transfer data overseas. The US electric vehicle maker rolled out Full Self-Driving, or FSD, the most autonomous version of its Autopilot software, four years ago.

Adani Enterprises and private data centre operator EdgeConneX, said on Sunday it has secured financing from lenders of up to $1.44 billion to build data centres. Meanwhile, Tesla Inc. Chief Executive Officer Elon Musk made a surprise visit to China on Sunday to meet Premier Li Qiang.

Tesla founder and CEO Elon Musk has met with a top government leader in the Chinese capital, just as the nation’s carmakers are showing off their latest electric vehicle models at the Beijing auto show

TikTok spent the past four years trying to fend off a U.S. ban, but it never figured out Washington. The law signed by President Biden on Wednesday requiring a sale or ban of the popular app was in part the product of tectonic shifts in U.S.-China relations and coordinated, stealthy efforts by its critics on Capitol Hill.

Adani Enterprises, Tata Chemicals, Dabur India, Titan, Ultratech, Indian Oil Corporation and others. Also read: Tesla CEO Elon Musk's unannounced Beijing visit targets FSD approval, international data collaboration The forthcoming announcements are anticipated to encompass a wide array of industries, providing insights into the broader economic landscape.

Taliban seized power in Afghanistan, China has kept its aim sharp at the country's mining sector through its investment initiatives, thus ensuring an influence on it, reported Khaama Press. Beijing, has notably, focused on the country's vast mineral deposits since the Taliban gained control of Afghanistan.

Tesla CEO Elon Musk landed in Beijing on Sunday, a flight tracking app showed, as two people with knowledge of the matter said the billionaire was kicking off a surprise visit to the automaker's second-biggest market. Musk is seeking to meet senior Chinese officials in Beijing to discuss the rollout of Full-Self Driving (FSD) software in China and to obtain approval to transfer data collected in the country abroad to train algorithms for its autonomous driving technologies, one of the people said. Tesla has since 2021 stored all data collected by its Chinese fleet in Shanghai as required by Chinese regulators and has not transferred any back to the United States.

India's dependence on Chinese industrial goods like telecom, machinery and electronics, Beijing's share in New Delhi's imports of such goods rose to 30 per cent from 21 per cent in the last 15 years, a report said. According to the report by the economic think tank Global Trade Research Initiative (GTRI), the growing trade deficit with China is a cause of concern, and the strategic implications of this dependency are profound, affecting not only economic but also national security dimensions. From 2019 to 2024, India's exports to China have stagnated at around USD 16 billion annually, while imports from China have surged from USD 70.3 billion in 2018-19 to over USD 101 billion in 2023-24, resulting in a cumulative trade deficit exceeding USD 387 billion over five years. The Indian government and industries must evaluate and potentially recalibrate their import strategies, fostering more diversified and resilient supply chains, GTRI founder Ajay Srivastava said.

BEIJING—In 2019, a little-known Chinese carmaker named Zhido went bust after Beijing cut subsidies for the tiny electric cars it made, crushing its sales. Now it is back. Earlier this month, the company released a boxy new mini-electric vehicle called “Caihong," or “Rainbow" in Chinese, which comes in seven pastel colors—including “Mint Mambo"—and has a starting price equivalent to around $4,400.

Bank of Japan kept interest rates unchanged, driving the yen to a fresh 34-year low, while US inflation showed few signs of simmering down. The Japanese yen slumped as BOJ Governor Kazuo Ueda played down the impact on inflation from a weakening currency. While he’s indicated a preference to proceed gradually with rate increases, Ueda is trying to avoid restraining the economy. That’s becoming even more challenging after US data this week indicated inflation accelerated in the first quarter, reinforcing expectations the Federal Reserve is likely to keep interest rates higher for longer.

BEIJING — Chinese electric car start-ups Nio and Xpeng are turning to a lower-priced segment of the market with plans to release newly branded cars this year.

China’s vision of the future of the automobile — electrified and digitally connected — is on display at the ongoing Beijing auto show

Joe Biden inked a legislation to ban or force a sale of Chinese app TikTok. While passing the bill, the US Congress members said the app presents a national security threat as long as it is controlled by or connected to ByteDance. However, TikTok has strongly denied the allegations saying it has never share US user data with Beijing and it will never do so.

TikTok is gearing up for a legal fight against a U.S. law that would force the social media platform to break ties with its China-based parent company or face a ban

Global automakers and EV startups are unveiling new models and concept cars at China’s largest auto show, with a focus on the nation’s transformation into a major market and production base for digitally connected, new-energy vehicles

government-in-exile on Thursday called on India and other democratic nations to press Beijing to divulge the whereabouts of Panchen Lama Gedhun Choekyi Nyima and allow an independent fact-finding commission to examine his disappearance in China nearly 29 years ago. The demand was made at a grand event held in this Himachal Pradesh town commemorating the 35th birth anniversary of Choekyi Nyima who disappeared just three days after the Dalai Lama declared the then six-year to be the reincarnated Panchen Lama. A joint statement issued by leading Tibetan leaders called on foreign governments and the UN to direct their ambassadors in China to meet with the 11th Panchen Lama and ascertain his whereabouts and wellbeing.

Xiaomi has locked in 75,723 orders for its sporty SU7 electric sedan as of April 24, and aims to deliver over 10,000 units in June, founder Lei Jun said on Thursday. The delivery target sets a record for an electric vehicle (EV) startup, Lei said during an event on the first media day of the Beijing auto show. The locked-in orders, which refer to those where buyers have opted for non-refundable deposits, have come less than one month into the launch of Xiaomi's first car in late March.

investors were right to back him as an agent of change, Modi’s Bharatiya Janata Party peppered its 2014 poll manifesto with 22 references to “reform.” Ten years later, very little remains of that zeal. The BJP’s 2024 manifesto still promises to “reform, perform, transform.” But the few specifics it offers on the economy are modest — such as automatic approvals for standard housing designs. Gone are the days when Modi pledged to change everything from inefficient markets in labor and farm produce to entire sectors like banking. And yet, the appetite for a third term for the Indian leader is very high in the global financial industry. “Modi has done an unbelievable job in India,” JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said Tuesday at the Economic Club of New York. Both Goldman and JPMorgan are predicting a deluge of overseas capital after general elections are over on June 4. (The BJP is favorite to win the contest.)

After years of attempts to ban the Chinese-owned app, including by former President Donald Trump, a measure to outlaw the popular video-sharing app has won congressional approval and is on its way to President Biden for his signature

BRUSSELS—The European Union is ramping up economic pressure on Beijing with two new probes into allegations of unfair Chinese business practices, days ahead of Chinese President Xi Jinping’s planned visits to Paris and Budapest. The European Commission, the bloc’s executive body, is voicing growing concern over Chinese subsidies and other economic policies that it says harm European businesses.

With a historic round of price cuts this month, Tesla, Li Auto and a host of others have extended China’s monthslong electric-vehicle price war into a new quarter. Some say the fight is just getting started. EV makers in the world’s biggest market for electric and hybrid vehicles have been cutting prices en masse since last year, when slowing sales and rising competition from upstarts forced a rethink of the playing field.